The most effective Visa bank cards in Canada for August 2023

As the most important bank card firm on the planet, Visa is a stable selection for any Canadian wanting the reassurance of huge card acceptance each at house and overseas—it’s accepted in additional than 200 nations and territories—and entry to a wide range of applications and merchandise. Many Visa playing cards supply engaging perks and helpful rewards, too. Plus, for those who financial institution with RBC, CIBC, Scotiabank or one other Visa issuer, getting a Visa card is a technique to hold your whole monetary companies in a single place. However which one to decide on? This information to the very best Visa playing cards in Canada will allow you to slim down the sector and discover a bank card that matches your life-style.

---

Finest general Visa bank card 

BMO eclipse Visa Infinite*

At a look: Maximize the facility of your on a regular basis spending with sturdy earn charges on BMO Rewards factors you could redeem for merchandise or present playing cards, journey, assertion credit or investments. Good perks—just like the juicy annual $50 “life-style credit score,” earned for merely exceeding that quantity on one in all your month-to-month statements, and included cell machine and journey insurance coverage—spherical out the bundle. 

• Annual price: $120
• Rates of interest: 20.99% on purchases, 23.99% on money advances, 23.99% on stability transfers
• Welcome bonus: You’ll be able to earn as much as 70,000 factors ($467 worth), 5 occasions the factors on gasoline, eating, groceries and transit for the primary yr, and 10% extra factors once you add a licensed consumer. Additionally, earn a $50 life-style credit score.
• Earn fee: 5 occasions the BMO Rewards factors for each $1 spent on eating out and in, groceries, and gasoline and transit for the primary $50,000 in annual purchases; 1 BMO Rewards level for every little thing else; earn 10% extra factors once you add a licensed consumer
• Our favorite options: $50 life-style credit score yearly
• Extra advantages: Annual life-style credit score price $50; cell machine protection; automobile rental collision/loss injury safety; out-of-province/nation emergency medical; Visa Infinite privileges
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

Execs

• Presents boosted earn charges in high classes like groceries, gasoline and eating.
• Consists of journey insurance coverage and new cell machine protection.
• Get 10% extra Rewards factors once you add a licensed consumer (for $50 yearly).
• Cardholders get an annual $50 assertion credit score to spend nonetheless they want.

Cons

• There may be an annual cap of $50,000 in purchases for boosted spend classes; after that, you’ll earn at a fee of 1 BMO level per $1 spent.
• The minimal revenue necessities put this card out of attain for some.

---

Finest Visa bank card for money again

Scotia Momentum Visa Infinite*

At a look: The Scotiabank Momentum Visa Infinite is our decide for greatest money again Visa for its sturdy buy and journey safety, in addition to its excessive earn fee—4% on groceries and recurring payments, 2% on gasoline and every day transit (together with public transit, taxis and rideshares) and 1% on every little thing else.

• Annual price: $120
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: You’ll be able to earn 10% money again on all purchases for the primary 3 months (as much as $2,000 in whole purchases). No annual price within the first yr, together with on further playing cards. Supply ends October 31, 2023.
• Earn fee: 4% on gasoline and recurring payments; 2% on gasoline and every day transit; 1% on every little thing else
• Extra advantages: Cell machine insurance coverage, journey emergency medical and journey accident protection, automobile rental injury/loss waiver, flight interruption and delayed and misplaced baggage insurance coverage; and entry to Visa Infinite experiences
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

Execs

• This card’s earn charges are a few of the highest within the nation in key and broadly outlined spending classes.
• Included new cell machine, journey and automobile rental insurance coverage make this an all-around bank card.
• Repay bigger purchases in installments via Scotia SelectPay.

Cons

• You’ll be able to solely entry your money again as soon as per yr, and solely as an announcement credit score.
• If you happen to purchase your groceries at Walmart, you’ll solely get 1% money again because it isn’t thought-about a grocery retailer.
• The minimal revenue requirement might put this card out of attain for some.

---

Finest Visa bank card for gasoline and groceries

CIBC Dividend Visa Infinite

At a look: Take the sting out of rising costs with the CIBC Dividend Visa Infinite’s return of 4% money again on gasoline and groceries, and a couple of% again on every day transit (together with rideshares and public transit), eating, and recurring funds. You’ll additionally get perks like journey medical and rental automobile collision insurance coverage. 

• Annual price: $120
• Rates of interest: 20.99% on purchases, 22.99% on money advances (21.99% for Quebec residents), 22.99% on stability transfers
• Earn fee: 4% money again on gasoline and groceries, 2% on eating, every day transit and recurring payments, and 1% again on every little thing else.
• Welcome bonus: You’ll be able to Earn 10% money again welcome bonus of as much as $200 (first 4 statements). Supply not accessible to QC residents. Circumstances apply.
• Extra advantages: Emergency journey medical; automobile rental collision and loss injury insurance coverage; cell machine insurance coverage; plus save as much as $0.10 per litre at collaborating Chevron, Ultramar and Pioneer gasoline stations once you hyperlink your card with Journie Rewards
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

Execs

• Get your money again on demand, once you need it.
• Hyperlink your card to Journie Rewards to get deeper reductions on gasoline at collaborating Pioneer, Fas Fuel, Ultramar and Chevron stations.
• Ship cash internationally with CIBC World Cash Switch and pay no switch charges.
• Comes with included journey, automobile rental and new cell machine insurance coverage.

Cons

• The included emergency journey medical insurance coverage covers the primary 15 days of your journey. You’ll have to purchase further insurance coverage for longer journeys.
• The minimal revenue requirement might put this card out of attain for some.

---

Finest Visa bank card for versatile journey rewards

TD First Class Journey Visa Infinite*

At a look: The TD First Class Journey Visa Infinite Card means that you can earn TD factors which you’ll be able to redeem for rewards, together with journey and travel-related purchases. Journey booked along with your TD factors has no blackouts or seat restrictions, and TD factors don’t expire. This card additionally has included journey insurance coverage. 

• Annual price: $139 (rebated for the primary yr).
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: You’ll be able to earn as much as 100,000 TD Rewards factors. Circumstances apply. Should apply by September 5, 2023. Plus, you get an annual birthday bonus of 10% of your earlier yr’s factors (as much as 10,000 factors).
• Earn fee: 8 TD factors per $1 spent once you e-book journey via Expedia For TD; 6 Factors per $1 on groceries & eating places; 4 factors per $1 spent on recurring payments; 2 factors per $1 spent on every little thing else
• Extra advantages: Journey emergency medical, journey accident, automobile rental, journey interruption, flight interruption and delayed and misplaced baggage insurance coverage; entry to Visa Infinite experiences; automobile rental financial savings with Avis and Finances
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

Execs

• This card has a powerful included insurance coverage bundle for journey and automobile rental.
• Along with journey rewards, you may redeem your factors for on a regular basis perks like money again, present playing cards and extra.

Cons

• Redeeming TD factors for journey not booked via Expedia For TD is just not computerized. You’ll should contact the TD Journey Rewards program to make use of your factors.
• The earn construction is a bit complicated and rewards rely on the place and the way you e-book. 
• The minimal annual revenue requirement will put this card out of attain for some.

---

Finest airline Visa bank card

TD Aeroplan Visa Infinite*

At a look: If Air Canada is your airline of selection, check out the TD Aeroplan Visa Infinite. You get quite a few Air Canada perks with this card, like most well-liked pricing and a free first checked bag on Air Canada for you and as much as eight journey companions. The all-new Aeroplan rewards chart and beneficiant stopover coverage means you may get nice worth in your factors when redeeming for journey on Air Canada in addition to over two dozen Star Alliance accomplice airways. 

• Annual price: $139
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: You’ll be able to earn as much as 50,000 Aeroplan factors. Circumstances apply. Should apply by September 5, 2023. Plus, as anniversary bonus, earn 20,000 Aeroplan factors once you spend no less than $7,500 inside 12 months of opening the account.
• Earn fee: 1.5 Aeroplan factors for each $1 spent on eligible gasoline, grocery and Air Canada purchases, and 1 level per $1 spent on every little thing else
• Our favorite options: Complete journey insurance coverage, free checked baggage on Air Canada. 
• Extra advantages: Resort-motel housebreaking insurance coverage; auto rental collision/loss injury insurance coverage; new cell machine insurance coverage as much as $1,000; Nexus utility rebate of as much as $100 each 48 months
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000.

Execs

• Earn double the factors once you present your card and Aeroplan quantity at greater than 150 Aeroplan accomplice manufacturers and at 170+ on-line retailers through the Aeroplan eStore.
• Earn 50% extra Aeroplan factors once you store at Starbucks by linking your Starbucks Rewards account to your TD card.
• Use your Aeroplan factors for each Air Canada seat with out restrictions or blackout intervals.
• Redeem your factors for different journey bills like resort rooms and automobile leases.
• Get an utility price rebate as soon as each 48 months for the quick-customs journey program NEXUS.
• Features a complete suite of journey insurance coverage.

Cons

• The included journey insurance coverage is just for journeys of as much as 21 days, or solely 4 days in case you are over 65 years previous.
• You’re restricted to Air Canada and choose Star Alliance airways.
• The accelerated earnings fee is barely accessible in three spending classes.

---

Finest no price Visa bank card for rewards

Simplii Monetary Money Again Visa

At a look: The no-fee Simplii Monetary Money Again Visa comes with 4% money again (as much as $5,000 yearly) on spends at eating places, bars and low outlets, making this a winner for many who prefer to dine out. The 1.5% return on gasoline, groceries and drugstore purchases (as much as $15,000 yearly) can be respectable, and every little thing else earns 0.5% again, with no restrict. 

• Annual price: $0
• Rates of interest: 19.99% on purchases, 22.99% on money advances
• Welcome bonus: As much as 20% money again on eligible gasoline, groceries and preauthorized funds throughout the first three months as much as a $500 spend and 9.99% rate of interest on purchases for 3 months
• Earn fee: 4% money again at eating places, bars and low outlets (as much as $5,000 spend); 1.5% again on gasoline, groceries, drugstore purchases and pre-authorized funds (as much as $15,000 spend); 0.5% on all different purchases
• Extra advantages: Buy safety and prolonged safety insurance coverage
• Annual revenue requirement: Private or family revenue of $15,000 

Execs

• There’s no restrict on how a lot money again you may earn.
• Get $50 for each referral who opens an account utilizing your distinctive hyperlink.
• The low minimal annual revenue requirement makes this a super-accessible card.

Cons

• There are annual caps on earnings in boosted classes.
• It’s important to have a Simplii Monetary checking account to get the cardboard.
• This card doesn’t supply a lot in the best way of extras or perks.

---

Finest Visa bank card for no overseas transaction charges

Residence Belief Most popular Visa*

At a look: The Residence Belief Most popular Visa card is among the few bank cards in Canada that doesn’t cost overseas transaction charges on purchases made in a overseas forex. This makes it extremely appropriate for travellers and cross-border buyers seeking to save the two.5% to three% surcharge they’d get with most bank cards. Moreover, you’ll earn 1% money again on all purchases made in Canada. And, the cardboard has no annual price, so you retain extra of your cash in your pockets.

• Annual price: $0
• Rates of interest: 19.99% on purchases, 19.99% on money advances
• Earn fee: 1% on all purchases in Canada 
• Welcome supply: You’ll be able to earn 1% cashback on eligible purchases in Canada, with no caps on cashback earn.
• Extra advantages: Automotive rental theft and collision insurance coverage; buy safety
• Annual revenue requirement: None

Execs

• There’s no restrict to the amount of money again you may earn.
• Save the overseas transaction charges on purchases made in a overseas forex.
• Consists of automobile rental theft and collision insurance coverage.
• There’s no minimal annual revenue requirement so this card could be very accessible.

Cons

• Doesn’t embody perks or extras.
• The earn fee of 1% isn’t aggressive with different playing cards.
• The money again rewards are paid out yearly in January as an announcement credit score.

---

Finest Visa bank card for low curiosity

RBC Visa Basic Low Price Possibility

At a look: For individuals who are carrying debt, a decrease curiosity bank card is a superb device. The RBC Visa Basic Low Price Possibility is a reasonably no-frills card with a flat 12.99% rate of interest on purchases, money advances and stability transfers. It comes with some accomplice perks, corresponding to reductions at Petro-Canada gasoline and free supply from DoorDash.

• Annual price: $20
• Rates of interest: 11.99% on purchases, 11.99% on money advances, 11.99% on stability transfers
• Earn fee: N/A
• Extra advantages: Free further card; save $0.03 per litre on gasoline at Petro-Canada gasoline stations once you hyperlink your bank card to your Petro-Factors account; choice to avoid wasting at choose retailers, corresponding to Roots, Indigo and The Keg eating places, via RBC Presents 
• Annual revenue requirement: None

Execs

• The low annual price and no minimal revenue requirement means this card is accessible to most Canadians.
• Extra playing cards are free.
• Acquire entry to RBC Presents, which prevent cash.
• Earn Petro Factors and save on gasoline at Petro-Canada.
• Get 3 months of free supply plus free supply on orders of over $15 once you add this card to your DoorDash account.

Cons

• This card doesn’t include journey insurance coverage or roadside help.
• There’s no stability switch promotion to maneuver debt from a higher-interest card.

---

Finest Visa bank card for lounge entry

Scotiabank Passport Visa Infinite Card*

At a look: The Scotiabank Passport Visa Infinite is a premium bank card with a deal with perks. With this card you’ll not solely have wonderful included journey insurance coverage, but in addition Precedence Go membership with six free annual lounge passes and free Avis Most popular Plus membership. And also you gained’t pay overseas transaction charges on purchases made in a overseas forex.

• Annual price: $150
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: You’ll be able to earn as much as $1,100+ in worth within the first 12 months, together with as much as 35,000 bonus Scene+ factors. Supply ends 31 October 2023.
• Earn fee: 3 times the Scene+ factors on each $1 spent at Sobeys banner shops; two occasions the factors per $1 on groceries at different shops, eating, leisure, and transit costs; and Scene+ level per $1 on different purchases 
• Extra advantages: No overseas transaction charges; journey insurance coverage together with journey emergency medical, journey cancellation and interruption, journey accident; flight and baggage delay, misplaced baggage, automobile rental theft and injury, resort/motel housebreaking protection; Precedence Go membership and 6 complimentary airport lounge visits; financial savings and upgrades on Avis automobile leases; Visa Infinite privileges
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

Execs

• Comes with a complete journey insurance coverage bundle.
• You gained’t pay overseas change charges with this card.
• Consists of six complimentary airport lounge passes.
• Earn boosted Scene+ factors once you store at Sobeys banner shops.
• You’ve entry to Scene+ Journey and you’ll redeem Scene+ factors for journey regardless of the place you e-book.
• Get particular entry and extras to resort, eating and leisure experiences via the Visa Infinite program.

Cons

• The earn fee could possibly be higher for such a premium card.
• There’s no new cell machine insurance coverage.
• The annual price of $150 is on the excessive finish for comparable playing cards.
• The minimal annual requirement will put this card out of attain for some.

---

Finest Visa bank card for journey insurance coverage

Meridian Visa Infinite Journey Rewards

At a look: The Meridian Visa Infinite Journey Rewards card has the very best journey insurance coverage round, particularly for Canadians between 65 and 75 years previous, who will obtain as much as 15 days protection. Whereas most playing cards supply round $1 million in journey emergency medical, this card comes with $5 million per individual for journeys of as much as 48 days for these 59 and youthful, and 23 days for these 60 to 64 years previous. 

• Annual price: $99
• Rates of interest: 19.5% on purchases, 21.99% on money advances
• Welcome bonus: None
• Earn fee: 3 factors per $2 spent on all Canadian-dollar purchases and 6 factors per $2 on overseas purchases
• Extra advantages: Journey insurance coverage together with as much as $5 million in journey emergency medical, as much as $2,000 journey cancellation/interruption/delay, baggage delay, misplaced or broken baggage, as much as $1 million in frequent service journey accident, as much as 48 consecutive days of automobile rental collision/loss injury protection; as much as $1,000 in new cell machine insurance coverage; entry to Visa Infinite advantages together with 24/7 concierge companies and resort keep upgrades at eligible places
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

Execs

• This card presents extra protection with larger limits than different bank cards in Canada and it gives protection for these as much as 75 years previous.
• Consists of $1,000 in new cell machine insurance coverage in cose your telephone is misplaced or broken.
• This card has a decrease than regular annual price of $99.

Cons

• It’s important to log into the third-party website ScoreCard to redeem your factors.
• There aren’t methods to speed up your rewards factors earnings.

---

Finest Visa bank card for roadside help

TD Money Again Visa Infinite Card*

At a look: If you happen to carry the TD Money Again Visa Infinite, you’re a Deluxe member of the TD Auto Membership, so assist is barely a name away. With this bundle, you’re entitled to towing, winching, lock-out assist, gasoline supply and emergency service calls of as much as 200 kilometres. Even higher, you’re coated 24/7, regardless of which automobile you’re driving, wherever in Canada or the U.S. 

• Annual price: $139 (rebated for the primary yr.)
• Rates of interest: 20.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: You’ll be able to earn 10% Money Again on all Purchases for the primary 3 months as much as a complete spend of $2,000. Plus, no Annual Payment for the primary yr. Circumstances apply. Should apply on-line by September 5, 2023.
• Earn fee: 3% money again on gasoline, grocery and recurring invoice funds; 1% on all different purchases
• Extra advantages: Deluxe TD Auto Membership membership; automobile rental collision loss injury waiver; some medical insurance coverage; cell machine insurance coverage; financial savings with Avis and Finances automobile leases; Visa Infinite advantages
• Annual revenue requirement: Private revenue of $60,000 or family revenue of $100,000

Execs

• Redeem your money again any time and your money again {dollars} by no means expire.
• Consists of cell machine insurance coverage.
• Earn 50% extra Stars at collaborating Starbucks shops by linking your card. 

Cons

• The included journey insurance coverage bundle is incomplete. For instance, there isn’t any journey delay, cancellation or interruption safety.
• The boosted earn charges on groceries and gasoline aren’t as sturdy as another playing cards on this class.
• The annual price of $139 is on the excessive finish for playing cards on this class.

---

Finest Visa bank card for college students

Scotiabank Scene+ Visa card*

At a look: The no-annual-fee Scotiabank Scene+ Visa is a good way for low revenue earners to entry the Scene+ program the place they’ll redeem factors for groceries, leisure, eating, and extra. The modest $12,000 annual revenue requirement retains this card extraordinarily accessible.

• Annual price: $0
• Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: You’ll be able to earn 5,000 bonus Scene+ factors inside your first yr. Should apply by October 31, 2023.
• Earn fee: 2 Scene+ factors for each $1 spent at Sobeys banner shops and Cineplex; 1 Scene+ level for each $1 spent in all places else
• Extra advantages: $10 off collaborating eating places once you redeem 1,000 factors; 25% off base charges at collaborating Avis and Finances automobile rental places 
• Minimal revenue requirement: $12,000

Execs

• You’ll be able to earn and redeem factors on groceries, leisure, eating, journey and extra. 
• Repay purchases of $100 or extra in interest-free installments with Scotia SelectPay.
• There’s a low redemption threshold of only one,000 factors.
• Factors by no means expire.

Cons

• There’s no included insurance coverage in any respect.
• With these earn charges, higher-ticket rewards like journey shall be tough to achieve.

Honourable point out

Scotiabank Momentum No-Payment Visa

At a look: With the Scotiabank Momentum No-Payment Visa card, not solely do members pay no annual price, however they’re additionally given the chance to earn 0.5% to 1% money again on their purchases.

• Annual price: $0
• Rates of interest: 19.99% on purchases, 22.99% on money advances, 22.99% on stability transfers
• Welcome bonus: You’ll be able to earn 5% money again on all purchases for the primary 3 months (as much as $2,000 in whole purchases). Supply ends 31 Oct 2023
• Earn fee: 1% money again at gasoline stations, grocery shops, drug shops and for recurring payments; 0.5% on every little thing else
• Extra advantages: Free further playing cards; as much as 25% off on automobile leases at Avis 
• Annual revenue requirement: None

Execs

• You’ll be able to earn money again with out paying an annual price.
• With no annual price and no minimal revenue requirement, it is a extremely accessible card.

Cons

• The earn charges of 0.5% to 1% are decrease than many different playing cards on this class.
• This card doesn’t include any insurance coverage.

Extra of Canada’s greatest bank cards: